Financial & Legal

Vertically integrated solar power provider SunEdison and its ‘yield co’ subsidiary will build 85.2MW of UK PV across five plants, having secured financing from Santander and Bayerische Landesbank.

Developers Baywa r.e. and Solairedirect have separately announced €228 million (US$264 million) in financing for French PV projects.

Penn Energy Renewables has closed financing on three solar farms totalling 37MW in Ontario.

Renewable Energy Trust Capital (RET Capital) has, in the process of signing a collaboration framework agreement with developer Origis Energy, acquired three PV plants in the US state of Georgia totalling 24.5MW of generation capacity.

China-based monocrystalline wafer producer, Solargiga Energy has reported increased shipments and revenue in 2014.

Specialist PV equipment supplier RENA, which is in the middle of restructuring efforts, has said its new order intake in the fourth quarter of 2014 totalled €30 million.

Independent energy company Neoen and juwi AG have signed a deal that will see Neoen acquire 100% of juwi EnR — the French subsidiary of juwi AG.

The largest US-based PV installer, SolarCity has secured US$200 million in new financing from Credit Suisse to continue the rapid roll-out of the company’s ‘MyPower’ financing vehicle. This takes SolarCity’s financing in 2015 to around US$995 million.

The latest contender to challenge for the title of world’s largest merchant PV plant will be an 80MW project in the Antifagasto region of Chile to be built by Greenwood Energy.

Sunrun has closed a financing deal with Investec worth US$195 million, meaning that over half a billion dollars of investment has gone into the US residential solar sector across just two deals this week.